Sunday, August 26, 2007

The civil aviation ministry has approved the setting up of a new airport at Jewar near Delhi. Jewar, a two-hour drive east from Delhi, will see a spanking new nternational airport to come up by 2010, The project is called the Taj International Airport Hub. The idea for the Jewar airport was first floated in 2001 by the Uttar Pradesh government. It will require an acquisition of 1,500 hectares of land and an investment of Rs3,505 crore (excluding the cost of land), split over several phases. The state government will select a private partner, who will lead construction and management of the proposed airport with a 74% equity stake, with the balance 26% equally split between Airports Authority of India (AAI), the civil aviation ministry, and Uttar Pradesh government-owned Taj Expressway Authority. The private partner will be selected through a bidding process which will include multiple stages of seeking an expression of interest followed by pre-qualification and financial bids. The Jewar site first received a technical feasibility approval from the AAI in 2003. The Delhi airport is under private management by a GMR Ltd-led consortium. The consortium, under terms of its 30-year lease, has a right of first refusal to build and run the airport at Jewar if its financial bid is within 10% of the highest quote (received from companies that want to build and manage this airport) and it agrees to match it. The Taj International Airport Hub expects to handle 3.9 million passengers annually in 2011-12, or roughly one-fifth of the
current traffic at the New Delhi airport. The proposal also seeks to derive a significant share of revenues through shopping malls, hotels, a cargo hub, an aviation academy and residential complexes as part of the airport project. The Civil Aviation ministry has already cleared the decks for a second airport proposed in Navi Mumbai. The government was considering second airports at Chennai and Pune, too, following the examples of Bangalore and Hyderabad. I think these are the few options govt. can consider for the new airport -->

1 comment:

Anonymous
said...

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